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        Case ID :

        Direct Taxes worth ₹ 6,95,988 Collected Druing 2014-15; Direct Taxes Contribute more than 56% to total Central Taxes During 2013-14 and 2014-15

        May 13, 2015

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        The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:

        Financial year

        Revised Estimates

        Direct Taxes collections

        2012-13

        5,65,835

        5,58,658

        2013-14

        6,36,318

        6,38,543

        2014-15*

        7,05,628

        6,95,988

        *provisional/unaudited 

                    The percentage of contribution of direct taxes to the total Central Taxes (direct and indirect) is as under:

        Financial year

        Direct Taxes

        Indirect Taxes

        Total Central Taxes (direct and indirect)

        Direct Taxes as % of Total Central Taxes

        2012-13

        5,58,658

        4,74,482

        10,33,140

        54.07%

        2013-14

        6,38,543

        4,97,061

        11,35,604

        56.22%

        2014-15*

        6,95,988

        5,44,157

        12,40,145

        56.12%

        *provisional/unaudited 

        This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Rajya Sabha.

        Direct taxes share: more than half of central tax revenues in consecutive years, indicating stronger direct tax collections. Direct tax receipts are reported for 2012-13, 2013-14 and provisional 2014-15 with revised estimates and actual collections provided; 2014-15 figures are provisional/unaudited. The release highlights that direct taxes comprised a majority share of total central taxes in each reported year and exceeded half of combined central tax revenues in 2013-14 and provisional 2014-15, as stated in a written reply by the Minister of State in the Ministry of Finance.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Direct taxes share: more than half of central tax revenues in consecutive years, indicating stronger direct tax collections.

                                Direct tax receipts are reported for 2012-13, 2013-14 and provisional 2014-15 with revised estimates and actual collections provided; 2014-15 figures are provisional/unaudited. The release highlights that direct taxes comprised a majority share of total central taxes in each reported year and exceeded half of combined central tax revenues in 2013-14 and provisional 2014-15, as stated in a written reply by the Minister of State in the Ministry of Finance.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
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